Stocktoria
INDEPENDENT BANK CORP INDB
INDEPENDENT BANK CORP (INDB) earns a Piotroski F-score of 3/9 (weak financial health). It pays a dividend yielding 2.53% (safety: moderate).
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-06-26 | Piper Sandler | Neutral (main) |
| 2026-05-15 | Hovde Group | Outperform (init) |
| 2026-04-20 | Keefe, Bruyette & Woods | Outperform (main) |
| 2026-04-16 | Stephens & Co. | Overweight (init) |
| 2026-04-07 | Barclays | Underweight (main) |
| 2026-02-02 | Barclays | Underweight (down) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Finance, Insurance & Real Estate · percentile among 1129 companies
Percentile vs other Finance, Insurance & Real Estate companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| INDB | INDEPENDENT BANK CORP | 3/9 | — | 20 | — |
| STT | STATE STREET CORP | 6/9 | — | 15.8 | +7.3% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | 5/9 | — | 10.8 | -2.2% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | 7/9 | — | 16.3 | +5.6% |
| NTRS | NORTHERN TRUST CORP | 4/9 | — | 18.5 | -2.5% |
| ALLY | Ally Financial Inc. | 5/9 | — | 17 | -3.3% |
| MTB | M&T BANK CORP | 7/9 | — | 12.2 | +7.5% |
All Finance, Insurance & Real Estate companies →
About INDEPENDENT BANK CORP
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
FAQ
Is INDB financially healthy?
INDEPENDENT BANK CORP's Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak).
Does INDB pay a dividend, and is it safe?
Yes. INDEPENDENT BANK CORP pays a dividend yielding about 2.53% with a 50.7% payout ratio, rated “moderate” for safety.
How profitable is INDB?
In FY2025, INDEPENDENT BANK CORP had a return on equity of 5.8%.
Is INDB overvalued or undervalued?
INDEPENDENT BANK CORP trades at about 19.2× trailing earnings — near its 10-year norm (10-year range 10.3×–24.3×, median 18.2×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for INDB?
The average Wall-Street price target for INDEPENDENT BANK CORP is $91.43, about 7.1% above the recent price, from 7 analysts (consensus: buy).
Is INDB a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on INDEPENDENT BANK CORP: a Piotroski F-score of 3/9, a P/E of about 20.0×, a dividend yield of 2.53%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.